Nonprofit · EIN 61-0258800
COMMERCE LEXINGTON INC
Tax-exempt · LEXINGTON, KY 40507
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,806,508 | $5,393,020 | -$586,512 | $6,076,860 | $2,903,758 | $3,173,102 |
| December 31, 2023 | 990 | $4,585,100 | $4,655,848 | -$70,748 | $7,136,220 | $3,376,605 | $3,759,615 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,763,406
- of which government grants
- $690,577
- Membership dues
- $1,233,661
- Program service revenue
- $1,690,447
- Investment income
- $121,438
- Net rental income
- $83,256
- Other revenue
- $231,217
Expenses
- Grants and similar amounts paid
- $433,655
- Compensation of officers, directors and key employees
- $288,679
- Salaries, compensation and benefits (total)
- $2,588,640
- Professional fundraising fees
- $0
- Accounting fees
- $31,725
- Occupancy
- $229,799
- Travel
- $27,770
- Depreciation
- $152,982
Balance sheet and other
- Total assets, start of year
- $7,136,220
- Total assets, end of year
- $6,076,860
- Total liabilities, end of year
- $2,903,758
- Net assets, end of year
- $3,173,102
- Land, buildings and equipment
- $2,641,753
- Net assets without donor restrictions
- $100,140
- Net assets with donor restrictions
- $3,072,962
- Gross unrelated business income
- $122,449
- Gross receipts
- $4,806,508
- Employees
- 24
- Volunteers
- 62
- Year formed
- 1942
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT L QUICK | PRESIDENT & CEO Trustee or director, Officer | 40 | $252,769 | $31,613 |
| GINA GREATHOUSE | EXECUTIVE VICE PRESIDENT Highest-paid employee | 40 | $166,063 | $16,110 |
| ANDI JOHNSON | CHIEF POLICY OFFICER & DIR Highest-paid employee | 40 | $151,825 | $15,056 |
| LYNDA BEBROWSKY | EXECUTIVE VICE PRESIDENT, Highest-paid employee | 40 | $135,929 | $14,540 |
| LISA D MAHAN | VICE PRESIDENT OF STRATEGIC PARTNERSHIPS Highest-paid employee | 40 | $127,152 | $14,297 |
| TYRONE TYRA | SENIOR VICE PRESIDENT, COM Highest-paid employee | 40 | $126,720 | $14,051 |
| KEEANA BOARMAN | GENERAL COUNSEL Trustee or director, Officer | 1 | $0 | $0 |
| CASSIDY ROSENTHAL | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DEBBIE SMITH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRANDEN GROSS | AT-LARGE MEMBER Trustee or director | 1 | $0 | $0 |
| CARLA BLANTON | BOARD CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 |
| LUTHER DEATON | VICE CHAIR, ECONOMIC DEVELOPMENT Trustee or director, Officer | 1 | $0 | $0 |
| DARYL SMITH | AT-LARGE MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| TOA GREEN | VICE CHAIR, LEADERSHIP DEVELOPMENT Trustee or director, Officer | 1 | $0 | $0 |
| STEPHANIE BELL | AT-LARGE MEMBER Trustee or director, Officer | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY FORESTER | VICE CHAIR, COMMUNITY & MINORITY BUSINESS DEVELOPM Trustee or director, Officer | 1 | $0 |
| NICK NICHOLSON | VICE CHAIR, PUBLIC POLICY & REGIONAL ENGAGEMENT Trustee or director, Officer | 1 | $0 |
| KEVIN ATKINS | LFUCG REPRESENTATIVE Trustee or director, Officer | 1 | $0 |
| JOHN MAHAN | REGIONAL REPRESENTATIVE Trustee or director, Officer | 1 | $0 |
| TUCKER BALLINGER | VICE CHAIR, BUSINESS & EDUCATION NETWORK Trustee or director, Officer | 1 | $0 |
| DANNY MURPHY | VICE CHAIR, MEMBERSHIP AND ENGAGEMENT Trustee or director, Officer | 1 | $0 |
| JONATHAN CALDWELL | VICE CHAIR, COMMUNICATIONS Trustee or director, Officer | 1 | $0 |
| STEVE BYARS | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT L QUICK | PRESIDENT & CEO Trustee or director, Officer | 40 | $242,208 | $27,819 |
| GINA GREATHOUSE | EXECUTIVE VICE PRESIDENT Highest-paid employee | 40 | $161,002 | $15,267 |
| ANDI JOHNSON | CHIEF POLICY OFFICER & DIR Highest-paid employee | 40 | $134,059 | $13,633 |
| LYNDA BEBROWSKY | EXECUTIVE VICE PRESIDENT, Highest-paid employee | 40 | $131,278 | $13,720 |
| TYRONE TYRA | SENIOR VICE PRESIDENT, COM Highest-paid employee | 40 | $123,559 | $13,260 |
| MARK TURNER | CHIEF COMMUNICATIONS OFFICER Highest-paid employee | 40 | $118,094 | $12,957 |
| KEEANA BOARMAN | AT LARGE Trustee or director | 1 | $0 | $0 |
| CASSIDY ROSENTHAL | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DEBBIE SMITH | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRANDEN GROSS | GENERAL COUNSEL Trustee or director, Officer | 1 | $0 | $0 |
| CARLA BLANTON | VICE CHAIR, PUBLIC POLICY Trustee or director, Officer | 1 | $0 | $0 |
| LUTHER DEATON | VICE CHAIR, ECONOMIC DEVEL Trustee or director, Officer | 1 | $0 | $0 |
| DARYL SMITH | AT LARGE Trustee or director, Officer | 1 | $0 | $0 |
| TOA GREEN | VICE CHAIR, LEADERSHIP DEV Trustee or director, Officer | 1 | $0 | $0 |
| KIMRA COLE | VICE CHAIR, MEMBERSHIP & M Trustee or director, Officer | 1 | $0 | $0 |
| LARRY FORESTER | VICE CHAIR, COMMUNITY & MI Trustee or director, Officer | 1 | $0 | $0 |
| JOHN GOHMANN | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN ATKINS | LFUCG REPRESENTATIVE Trustee or director, Officer | 1 | $0 | $0 |
| JOHN MAHAN | REGIONAL REPRESENTATIVE Trustee or director, Officer | 1 | $0 | $0 |
| TUCKER BALLINGER | VICE CHAIR, BUSINESS & EDU Trustee or director, Officer | 1 | $0 | $0 |
| DANNY MURPHY | VICE CHAIR, COMMUNICATIONS Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN CALDWELL | AT-LARGE Trustee or director, Officer | 1 | $0 | $0 |
| STEVE BYARS | CHAIR-ELECT Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 330 EAST MAIN STREET, LEXINGTON, KY 40507-1525
- Principal officer (990 for 2024)
- ROBERT QUICK, 330 EAST MAIN STREET, LEXINGTON, KY 40507
- Signed the 990
- ROBERT QUICK, PRESIDENT
- Phone
- (859) 254-4447
- Website
- WWW.COMMERCELEXINGTON.COM
- Return prepared by
- RFH PLLC
Mission
TO REPRESENT OUR MEMBERS, CREATING THE ENVIRONMENT AND OPPORTUNITY FOR ECONOMIC PROSPERITY AND QUALITY LIVING IN CENTRAL KENTUCKY.
Program accomplishments
- COMMERCE LEXINGTON PROVIDES SERVICES TO ITS MEMBER ORGANIZATIONS INCLUDING SUCH ACTIVITIES AS CONFERENCES, MONTHLY PROGRAMS, ANNUAL MEETINGS & PUBLICATIONS.Expenses $4,433,658 · grants $433,655
- PROMOTION OF ECONOMIC DEVELOPMENT AND JOBS CREATION IN CENTRAL KENTUCKY.Expenses $959,363
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 61-0258800
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,076,860
- Income (IRS master file)
- $4,806,508
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,806,508 | $5,393,020 | $6,076,860 | XML |
| 990 | December 2023 | $4,585,100 | $4,655,848 | $7,136,220 | XML |
| 990 | December 2022 | $4,156,532 | $4,303,935 | $6,824,695 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-0258800).
Questions about COMMERCE LEXINGTON INC
- What is the EIN of COMMERCE LEXINGTON INC?
- The employer identification number (EIN) of COMMERCE LEXINGTON INC is 61-0258800.
- Is COMMERCE LEXINGTON INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1942.
- Are donations to COMMERCE LEXINGTON INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COMMERCE LEXINGTON INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMERCE LEXINGTON INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMERCE LEXINGTON INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMERCE LEXINGTON INC?
- The 990 for the year ended December 31, 2024 names ROBERT QUICK.
- Who are the officers and directors of COMMERCE LEXINGTON INC?
- The 990 for the year ended December 31, 2024 lists 23 people; 6 received compensation from the organization, the highest $252,769 (ROBERT L QUICK, PRESIDENT & CEO).
- How much revenue does COMMERCE LEXINGTON INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,806,508, expenses of $5,393,020 and total assets of $6,076,860 at year end.
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